BUDGET 2007-08: BALOCHISTAN
July 09 - 15, 2007
Balochistan revealed its budget for FY2007-08 with a total outlay of Rs63.081 billion showing an increase of 5.33% or Rs3.381billion as compared to the last fiscal year with Rs10.278 billion of resource gap which shows small decline while comparing to previous fiscal year. This deficit will be overcome with the assistance of federal government, by increasing local income and economic measures.
The provincial government will spend 10.65% or Rs4 billion more on current expenditure as compare to Rs37.5 billion in the last fiscal year against the total revenue receipts of Rs43.82 billion
BALOCHISTAN BUDGET 2007-08
(Rs. in Million)
Physical Planning and Housing
The total outlay for development comprises of Rs13.47 billion for FY2008 showing an increase of 24.5% in contrast to previous fiscal year provincial budget. The new ADP has foreign assistance projects of Rs3.332 billion. In FY2006-07, the budget for ADP was of Rs10.82 billion that contained Rs6.35 billion from the provincial government and Rs3.760 billion for foreign project assistance.
Rs.30 million on Quetta Development Authority, Rs.20 million on Gwadar Development Authority, Rs.90 million on Power and Rs.80.5 million on Local Governments.
The provincial government has come to a decision to continue the current development proposals and no new project has been incorporated in this yearís PSDP. The size of the Public Sector Development Programme is Rs10.02 billion. There are 1071 development projects in 2006-07 were to be executed under the PSDP.
OVERVIEW OF PROVINCIAL BUDGETS
% SHARE IN TOTAL
A. Total Tax Revenues
Share in Federal Taxes
B. Non-Tax Revenues
Total Revenues (A+B)
a) Current Exp.
b) Development Exp.
i) Rev. Account
ii) Cap. Account
iii) Op. Shortfall
Total Exp. (a+b)
Source: Finance Division, (PF Wing)
The government would spend Rs.310 million on Public Health Engineering, Rs.90.2 million on Environment, Rs.81 million on Social Welfare, Rs.110 million on Women Development, Rs.1.28 billion on Balochistan Development Authority.
MEGA PROJECTS UNDERWAY IN BALOCHISTAN
(RS. IN BILLION)
Naulang & Bolan Dam
Flood Water Saving
Pat Feeder Canal
In order to bring the wealth to the people of Balochistan and equivalence among provinces, the Federal government started mega projects worth of Rs150 billion.
Gwadar port has since been established at a cost of US$ 300 million with the kind support of the Chinese government. In the same way the government has permitted Rs40 billion project to set up South Asia's largest oil city at Gwadar.
Gwadar Development Authority (GDA) has initiated 37 development schemes at a expense of Rs 36.11 billion while to boost trade and commerce, an international airport will also be built at Gwadar at a cost Rs.16.63 billion.